Free ATM Withdrawals in South Africa (2023)
May 12 2023 | Tagged: ATM Withdrawal Fees
There are no free ATM withdrawals in South Africa in 2023. All charge a 50 Rand withdrawal fee.
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How much is the ATM Withdrawal Fee in South Africa?
There are no free ATM withdrawals in South Africa for the traveller, as is with the case in Mexico, Thailand and Panama.
All ATMs in 2023 have a 50 Rand Withdrawal Fee!
This is NOT about withdrawal fees associated with your card. This is the fee charged by the bank whose ATM you are using.
Yes, I know some banks allow their customers to get ATM withdrawal fees refunded, Charles Schwab for example but like I said, this post is not about that. It's for travellers from across the globe, not just those from USA who can get a Charles Schwab account.
This information comes from my 'man on the ground', in Cape Town. He also provided the information on Free ATMs in Kenya.
All ATMs in South Africa charge 50 Rand which is about £2.15 right now.
Locals pay 20 Rand when using an ATM that is not associated with their bank.
Locals can get cashback in supermarkets. Foreigners can not get cashback.
But all is not lost in Cape Town at least. It's virtually a cashless society.
You can pay with a card everywhere. Even at market stalls. Traders have their own card readers so customers can purchase products.
And I am not liking where this is going.
All ATMs in 2023 have a 50 Rand Withdrawal Fee!
This is NOT about withdrawal fees associated with your card. This is the fee charged by the bank whose ATM you are using.
Yes, I know some banks allow their customers to get ATM withdrawal fees refunded, Charles Schwab for example but like I said, this post is not about that. It's for travellers from across the globe, not just those from USA who can get a Charles Schwab account.
This information comes from my 'man on the ground', in Cape Town. He also provided the information on Free ATMs in Kenya.
All ATMs in South Africa charge 50 Rand which is about £2.15 right now.
Locals pay 20 Rand when using an ATM that is not associated with their bank.
Locals can get cashback in supermarkets. Foreigners can not get cashback.
But all is not lost in Cape Town at least. It's virtually a cashless society.
You can pay with a card everywhere. Even at market stalls. Traders have their own card readers so customers can purchase products.
And I am not liking where this is going.
